Stock Market: WIG20 and mWIG40 in Loss
The WIG20 and mWIG40 fell more sharply against the sWIG80, showing the negative impact of foreign capital, although European markets were dominated by gains.
The DAX rose 0.6% following oil falling more than 3%, and the UK index FTSE (+0.7%) also benefited from the resignation of Prime Minister Keir Starmer. The session in Warsaw mirrored that on Wall Street.
After a higher opening, the indices fell below the opening level during the day and continued to consolidate in a narrow range for most of the time. The indices were negatively affected by the so‑called Big Techs (especially the recent debutant SpaceX, which was over‑priced by more than 16%), although the semiconductor index ended the day with a near 0.7% gain.
Despite oil price declines, energy stocks and U.S. Treasury yields rose slightly. We also saw further strengthening of the USD, which did not hinder the rebound of precious and industrial metals valuations.
Macro: Retail Sales Growth
Yesterday we received monthly data on economic activity. According to the Polish Central Statistical Office (GUS), real retail sales increased by 3% year‑on‑year. Demand rose most strongly (about +10% year‑on‑year) at petrol stations, pharmacies, cosmetics stores, and a wide range of other classified categories.
Construction and assembly production rose 3.9% year‑on‑year, confirming the spring revival symptoms. The best performance in May was in specialized construction (+10.8% year‑on‑year). Employment in the enterprise sector fell 0.9% year‑on‑year in May, while average wages increased 5.8% year‑on‑year.
On Tuesday, market attention will focus on preliminary PMI estimates for industry and services for major world economies in June. May estimates already indicated a slight deterioration in industrial activity (with the fading of one‑off factors such as accumulated order growth) and a modest improvement in the services sector. Locally, the National Bank of Poland will publish data on money supply in Poland.
WIG20 and mWIG40
11 BIT Sale of shares of Nationale‑Nederlanden OFE, as a result of a transaction on the GPW, reduced its stake in 11 bit studios below the 5% voting threshold.
Budimex Signed an agreement with CPK, which implements the Port Poland investment program, for the construction of foundations for the passenger terminal of the new national airport. Construction will start in September. The project value is nearly 146 million PLN.
KGHM May operating data
• Copper sales by KGHM amounted to 62.1 thousand tonnes in May 2026, up 2% year‑on‑year. Payable copper production was 58.5 thousand tonnes, down 2% compared to May 2025.
• Silver sales were 164 tonnes, up 52 tonnes (+46%) compared to May 2025. Payable silver production was 129.4 tonnes, up 12.3 tonnes (+11%) versus May 2025.
• TPM sales were 9.3 thousand tonnes, down 3.3 thousand tonnes (-26%) year‑on‑year. TPM production was 12.0 thousand tonnes, down 1.8 thousand tonnes (-13%) compared to May 2025.
• Molybdenum sales were 0.5 million pounds, up 0.3 million pounds year‑on‑year. Molybdenum production was 0.5 million pounds, up 0.1 million pounds (+25%) versus May 2025.
Mirbud Cancellation of the tender by the General Directorate of National Roads and Motorways Branch in Warsaw. The authority cancelled the selection of the consortium led by Mirbud for the A2 motorway project from Biała Podlaska to the border, segment X from Biała Podlaska (excluding the junction) to about km 641+011. The offer value was 571.35 million PLN gross.
SWIG80 and Others
Atende Dividend. Atende shareholders proposed a resolution to allocate about 9.1 million PLN from 2025 profits for dividend payment, implying a dividend of 0.25 PLN per share. The earlier board recommendation for 2025 profit allocation was for reserve capital. The proposed dividend date is July 9, with payment on July 27.
Creepy Jar Dividend and incentive program
• Creepy Jar shareholders decided to create an incentive program for 2026‑2028 for key employees, collaborators, and board members. The financial goal is an average annual gross profit of 30 million PLN for 2026‑2028.
• The company also decided to allocate about 30 million PLN from 2025 net profit and reserve capital for dividend payment. Dividend date is September 10, payment on September 21, 2026.
Ferro Dividend. Ferro shareholders decided to allocate 50.1 million PLN from 2025 net profit for dividend, equating to 2.36 PLN per share. Dividend date is September 11, 2026, payment on October 8, 2026.
Pure Biologics Share issuance. Pure Biologics will begin a public offering under an accelerated book‑building process for up to 50 million Series S shares. Proceeds will fund the MultiQure RNAi platform for Huntington’s disease and other CAG repeat disorders, as well as ongoing PB003G or PB004 projects toward Phase I clinical trials.
Rafamet Share issuance. Rafamet entered into an agreement with the Industrial Development Agency for the purchase of Series K shares. The investor bought 2 million shares for a total of 20 million PLN. All offered shares were purchased under the May 2026 issuance resolution.
GPW: COMPANY CALENDAR – Tuesday, June 23
- CDPROJEKT ZWZA regarding, among other things, profit distribution for 2025.
- ASSECOSEE First trading day without dividend 1.95 PLN per share.
- BBIDEV ZWZA regarding, among other things, allocation of profit shown for 2025.
- BIOCELTIX ZWZA regarding, among other things, covering loss for 2025.
- BIOTON ZWZA regarding, among other things, allocation of profit for 2025.
- DATAWALK ZWZA regarding, among other things, the method of covering net loss for the year ending December 31, 2025.
- FASING Dividend entitlement date 0.50 PLN per share.
- GPW ZWZA regarding, among other things, profit distribution for 2025.
- GRUPRACUJ First trading day without dividend 3 PLN per share.
- KCI ZWZA regarding, among other things, net profit distribution for 2025.
- KOMPAP ZWZA regarding, among other things, profit distribution and dividend payment.
- LENA Dividend entitlement date 0.10 PLN per share.
- LOKUM First trading day without dividend 1 PLN per share.
- ODLEWNIE ZWZA regarding, among other things, net profit distribution for 2025.
- OPONEO.PL Dividend entitlement date 3.50 PLN per share.
- ORANGEPL First trading day without dividend 0.61 PLN per share.
- PEKABEX ZWZA regarding, among other things, profit distribution for 2025.
- PEPEES ZWZA regarding, among other things, covering net loss for 2025.
- ROBYG Completion of accepting individual investor applications and building the book of demand among institutional investors.
- SECOGROUP Dividend payment 1.20 PLN per share.
- SEKO Dividend entitlement date 0.74 PLN per share.
- SKARBIEC ZWZA regarding, among other things, profit distribution for the fiscal year from July 1, 2024 to December 31, 2025.
- UNIBEP ZWZA regarding, among other things, profit distribution for 2025.
- VINDEXUS ZWZA regarding, among other things, allocation of 2025 profit and setting dividend and payment dates.
- WASKO Dividend entitlement date 0.10 PLN per share.
